1. What is Swapbox?
Swapbox is an aggregated trading product developed by BigONE cryptocurrency exchange. It can help users conduct decentralized transactions through centralized trading. Swapbox can aggregate multiple DEXs and blockchains without limit. One-stop, low-threshold participation in DEX trading is possible through Swapbox.
Currently, Swapbox only supports BSC single chain, and more on-chain transactions will be supported in the future. In theory, there is no upper limit on the number of supported currencies.
Swapbox's goal is to share and integrate the trading depth of mainstream platforms in the current market.
The advantage of Swapbox is aggregation. The advantage of aggregation is lower slippage, more currencies, and more convenience.
2. What is the trading principle of Swapbox?
The core of Swapbox is to use aggregation technology to help users complete decentralized transactions in
a centralized manner. Withdraw coins to the chain through BigONE-complete the transaction on DEX-return to BigONE after the transaction is completed
3. Any currency can be used to trade on Swapbox?
Theoretically, Swapbox is an aggregate transaction system. Our vision is to aggregate all the tokens on the chain so that users can trade all encrypted currencies in one stop. However, currently Swapbox only supports the BSC single chain, and more chains and generations will be connected in the future. currency.
4. What is the transaction fee-charging standard of Swapbox?
The transaction fee of Swapbox is 0.5%.
In addition, because of the aggregation characteristics of Swapbox, DEX will also charge you a small amount of on-chain transaction fees and withdrawal fees when trading. The specific charging standards are subject to the actual amount.
5. How to use Swapbox to trade?
Swapbox does not have an order book, which is different from Maker and Taker in stock.
Its operation is simpler and more convenient, please refer to "Swapbox User Operation Guide" for a detailed operation method.
6. Do I need to complete KYC to use Swapbox transactions?
Yes. In order to ensure the security of the user's asset account, all users who use Swapbox products need to complete KYC certification.
7. What are the advantages of Swapbox?
Swapbox is an aggregated trading system that integrates resources on the entire network chain. In theory, users can purchase all currencies without complicated operations on the chain, especially for popular currencies that cannot be listed on a centralized exchange.
8. Where does the liquidity of Swapbox come from?
Swapbox is an aggregated trading product that is only responsible for providing users with connections to assets in other DEX chain liquidity pools. Please check the quality of the project yourself, and carefully evaluate your personal risk tolerance to decide whether to participate in the transaction of the project. At present, Swapbox has docked with 34 platforms including PancakeSwap, biswap, Kyber DMM, LiqPool X, Unifi, JetSwap, Gambit Finance, Acsi Finance, 1inch Limit Order Protocol, Burger Swap, DODO, MDEX to support liquidity.
9. What is the single transaction limit of Swapbox?
Different currencies have different limits for a single transaction amount. The specific value can be checked at the corresponding currency of the product.
10. How to deposit and withdraw Swapbox transactions? Do I need to link my own crypto wallet?
Swapbox does not need to link the user's own encrypted wallet and uses the funds in the BigONE spot account. Users only need to initiate a deposit/withdrawal in the spot account.
11. Why does the page show "Insufficient Balance"?
Swapbox transactions use the funds in the BigONE spot account. Users need to ensure that there is available cryptocurrency in the BigONE spot account. If there are not enough available funds in the spot account, they can deposit/withdraw/transfer during the transaction.
12. What is slippage?
Slippage refers to the difference between the actual transaction price and the expected price.
When liquidity is insufficient or the market fluctuates, slippage occurs.
Users can set slippage to ensure that the transaction is completed within an acceptable price range and avoid losses.
1. What is CEFI?
CeFi is the abbreviation of Centralized Finance, which is a term opposite to DeFi.
2. What is the difference between CEFI and DEFI? Where is the advantage?
DeFi is Decentralized Finance, DeFi can be said to be a financial system born from the concept of blockchain. Decentralized exchanges and decentralized lending applications are all typical representatives of DeFi.
CeFi is the abbreviation of Centralized Finance, which is a term opposite to DeFi. Compared with DeFi, CeFi has the advantages of simple operation and low threshold.
3. What is the Automatic Market Maker (AMM) model?
AMM fundamentally changes the way users trade cryptocurrencies. Unlike the traditional order book transaction model, both parties of AMM transactions interact with the liquid asset pool on the chain. The liquidity pool allows users to seamlessly switch between tokens on the chain in a fully decentralized and non-custodial manner. Liquidity providers earn passive income through transaction fees, which are based on the percentage of their contribution to the asset pool.